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Workplace Insights: What's Hot, What's Not

Apr 5th, 2024 | Workplace Insights

Your latest INSIGHTS & TRENDS for the Week of April 1, 2024.

There are so many current headlines surrounding the workplace, it's hard to keep up. To make this as easy as possible for you, Workplace Insights: What's Hot, What's Not, will provide you with the latest updates that may impact your organization as it relates to market trends and current industry insights.

  1. With 2 in 5 workers perceiving the world of work as “broken”, business leaders are turning AI and skill-based hiring to help right the ship.

  2. Effective April 1, California is set to raise the minimum wage of fast-food workers to $20/hr.

  3. Small U.S. company owners are becoming increasingly cautious about future hiring prospects, yet they are prioritizing providing raises to their current workforce.

  4. In March, U.S. companies made the tough decision to announce a staggering 90,000 job cuts - the highest number seen since January 2023.

We hope you are benefiting from this resource. If you have anything you would like to add or specific questions, please drop us a line.

This information is provided for informational purposes only and should not be taken as legal advice. The O’Connor Group makes no representations as to the completeness, suitability, or validity of any information contained herein and will not be liable for any errors or omissions.

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